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    market news

    Nuclear Deal Ends Spat Between Ottawa And UAE

    Investing News Network
    Sep. 19, 2012 11:56AM PST
    Energy Investing

    Globe and Mail reported a new nuclear deal between the Canadian government and United Arab Emirates has settled a two-year long spat between the two nations.

    Globe and Mail reported a new nuclear deal between the Canadian government and United Arab Emirates has settled a two-year long spat between the two nations.

    As quoted in the market news:

    Relations between Canada and the UAE blew up into a tense dispute two years ago when Ottawa refused to provide more landing rights for Emirati airlines, and the Persian Gulf nation responded by abruptly booting Canada out of the staging base used for troops and equipment in transit to Afghanistan.

    But it was all smiles on Parliament Hill Tuesday, when Foreign Affairs Minister John Baird and his Emirati counterpart, Sheik Abdullah bin Zayed Al Nahyan, announced a new nuclear deal, spoke of each other as friends and declared relations healed. Or almost healed: The UAE cut the hefty fees for the visas Canadians have required to travel there since the spat, but didn’t drop the visa requirements completely.

    Click here to read the full Globe and Mail report.

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